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China Net Finance, February 5 (Reporter Xu Qingfeng) According to the official website of the Shenzhen Stock Exchange, on December 22, 2023, the issuer Hypruns has completed the update of its financial information and resumed its issuance and listing review. Previously, due to the update of financial information by the issuer and the sponsor, Hyprun had voluntarily applied for the suspension of the issuance and listing review process on September 25.
According to the latest financial data disclosed by it, from January to June last year, the company's operating income was 15,456240,000 yuan, net profit of 4586450,000 yuan.
The compound growth rate of net profit in the past three years was 2915%
Growth is the best in core technology and products.
According to the prospectus disclosed by Hypruns, in 2020, 2021, and 2022, the company's operating income will be 18,619 respectively320,000 yuan, 20,673030,000 yuan, 29,620140,000 yuan, the compound growth rate of the company's operating income in the last three years is 2613%, the company's net profit was 5,076320,000 yuan, 4,564170,000 yuan, 8,466550,000 yuan, the compound growth rate of the company's net profit in the last three years is 2915%。
In the past three years, the compound growth rate of revenue and net profit has been high, and the changes in revenue and profit are in line with the growth characteristics, showing a good growth trend as a whole.
According to the prospectus, the company's main business is OLED evaporation material technology research and development, production, sales and purification services. Compared with traditional display technology, OLED display has the advantages of self-illumination, wide viewing angle, fast response, small size, small mass, and flexibility.
Since its establishment, the company has been driven by technological innovation, guided by market demand, and guaranteed by quality control, deeply engaged in the research and development, production and sales of OLED evaporation materials, and has grown into an enterprise that has achieved large-scale mass production and sales of OLED evaporation materials earlier in China.
The market size is expected to reach $2.9 billion by 2025.
The industry boom has continued to improve for a long time.
According to Omdia's estimation data, the total market demand for OLED evaporation materials in 2021 will be 1103 tonnes, up 25% from 2020. According to Omdia's estimation data, the total market demand for OLED evaporation materials in 2022 is 10792 tons, an increase of 22 compared to 202035%。According to the statistics of OMDIA and IHS institutions, the global market space for OLED evaporation materials in 2022 will be 21$9.5 billion, and the market size is expected to reach $2.9 billion by 2025, with a compound annual growth rate of 1011%。
In terms of the Chinese market, according to the data of China Industry Information Network and Joint Research Industry Consulting, the market size of domestic OLED evaporation materials in 2022 will be 34$1.7 billion, which is expected to increase to more than $4.5 billion by 2025. Due to the late start of the domestic OLED evaporation materials industry, there is a certain gap in technology with Japan, South Korea, Europe and the United States. However, due to the international friction and the high cost of evaporation materials in recent years, in order to ensure the safety of their own evaporation materials, domestic display panel manufacturers have increased their support for domestic material manufacturers.
On November 29 last year, BOE A announced that it planned to invest in Chengdu with a total investment scale of 63 billion yuan6th generation AMOLED production line project. BOE A said that through the construction of the world's first batch of high-generation AMOLED semiconductor display production lines, it is expected to synchronize the products launched by international peers and seize the strategic opportunity of the "blue ocean" of high-generation AMOLED semiconductor display.
Minsheng ** pointed out in the research report that BOE A No. 8In the case of the overall penetration rate of large-size OLED is less than 5%, the application of large-size OLED such as notebooks, iPads, and TVs is expected to accelerate in the future, and the industry will continue to improve for a long time.
Some analysts also said that with BOE A 8The construction of the 6th generation AMOLED production line will greatly promote the extension process of OLED to medium-sized terminal applications, and lead the upstream and downstream of the industrial chain to enter a new stage of development.
At present, there are not only A-share listed companies in the industrial chain such as Olaide and Wright Optoelectronics, but also high-tech enterprises such as Hypruns participating in the OLED industry chain of BOE A.
Olaide is mainly engaged in the R&D, manufacturing, sales and after-sales technical services of terminal materials and evaporation source equipment of organic luminescent materials in the upstream link of the OLED industry chain, of which organic luminescent materials are the core materials of OLED panel manufacturing, and the evaporation source is the core component of the evaporation machine, the key equipment of OLED panel manufacturing.
Wright Optoelectronics is mainly engaged in the research and development, production and sales of OLED organic materials, and the company, as the leading domestic supplier of OLED light-emitting functional materials of BOE, has realized the mass production of a variety of OLED organic materials. According to public information, with the continuous improvement of the business, the customers of Wright Optoelectronics OLED terminal materials have further expanded to world-renowned display panel manufacturers such as Huaxing Optoelectronics and Hehui Optoelectronics.
In 2017, Hyprun entered the sixth-generation flexible OLED panel production line of BOE, a leading display panel company, and was one of the first domestic evaporation material suppliers to enter the mass production of sixth-generation flexible OLED panel production lines. In terms of terminal equipment applications, the panels produced by the company's OLED evaporation materials have been widely used in equipment products of well-known brands such as Huawei, Apple, Honor, OPPO, and vivo.
At present, in terms of display panel supporting, Hypruns' downstream customers cover well-known domestic OLED panel companies such as BOE, Tianma Group, Huaxing Optoelectronics, and Hehui Optoelectronics, and have established stable cooperative relations with them.